Asset Management Culture
CalSTRS Pressures Exxon to Be More Climate-Friendly, Backing Outside Directors Slate
The nation’s second-largest pension fund joins an activist investor in proxy push to elect four board members.
Tag: Stock
Risk
Citigroup Targeted by Lawsuit from Florida City Pension in Revlon Mess
The bank’s $900 million mistaken payments to Revlon creditors have harmed its stock, which the retirement system and others are invested in, suit says.
Asset Management Culture
OMERS to Sell Detroit River Rail Tunnel Stake for $312 Million to Canadian Pacific
The pension fund has been invested in the transnational transport system for nearly two decades.
Corporate Moves
Exclusive Interview: Ted Aronson Will Shutter His Value-Oriented Firm
AJO Partners is closing after nearly 40 years of investing, as its style suffers. Founder's team wants to launch a successor, but he will be on the sidelines.
Market Moves
3Q Earnings Could Be Less Bad Than Expected
Corporate profits should lose just (just?) 17%, UBS says, better than previous forecasts.
Asset Management Culture
Mubadala Puts $2 Billion into Silver Lake for 25-Year Strategy
The fund has also taken a minority equity stake of less than 10% in the firm.
Asset Management Culture
SASB Eyes Standards on Internet Content
Guidelines are expected next year on data privacy, freedom of speech, and harmful content.
How the Changing Energy Picture Affects Investments
The differing trajectories for oil, gas, coal, and renewables pose a complex opportunity for investors. Here’s what you need to know.
Risk
New York Comptroller and Colorado Pension Fund Named Lead Plaintiffs in Boeing Suit
The two collectively hold around $200 million in shares in Boeing, which they charge with ignoring safety issues around the 737 MAX for years.
Warehouses and Data Centers, Market Favorites, Have Downsides
These real estate investments are pandemic investor front-runners, with high returns. But Wall Street euphoria masks weaknesses that can make the long term more chancy.
Newsmakers
GCM Grosvenor Merges with SPAC to Go Public
Interest in the so-called ‘blank check’ companies has surged during the pandemic from investors seeking easier ways to fund IPOs.
How Do You Repurpose a Mall?
Amid a grim time for retail, with stores closing in shopping malls, how can these one-time consumer meccas be transformed to have any kind of a future?
Asset Allocation
Is Setting ESG Standards Too Puzzling? Get Wide Feedback, SASB Says
If the rules seem subjective or unworkable, a good alternative for companies is to ask outside groups for their input, the sustainability advisory group suggests.
Research
Funding for Corporate Plans Ticks Up After Record April
Aggregate funded ratio for company pension funds rose 2.2 percentage points, the first monthly uptick this year, Wilshire report finds.
OCIO Roundtable (Part 1): Portfolio Rebalancing During COVID-19 Mayhem
On policies, benchmarking, and measuring added value within the current market.